Where next for the Aussie?

AUD GBP Lower After Dismal Employment Report

This year we have seen the Aussie as one of the biggest losers on the currency markets. Many had been expecting this for sometime claiming the Aussie was ridiculously overvalued. Where next will rates go on the Australian dollar?

Making currency prediction is an extremely difficult thing and no one can tell you exactly what will happen. What we can expect in the future however can be determined from assessing the current trend. Reading between the lines it appears to me that the Australian economy is on the back foot and that in the future the RBA (Reserve Bank of Australia) will seek to weaken the Australian currency as they have recently.

It is worth remembering the Australian currency was historically much, much weaker and current selling rates remain very favourable.

If you would like more information on the future direction of rates and what to be considering if moving funds, please contact me Jonathan directly on [email protected]